Welcome to the Insurance Online News podcast with your host, Paige Estritori, where we deliver the latest and most significant news from the world of insurance in Australia. Our dedicated team works tirelessly to bring you the freshest updates, focusing on the stories that matter the most to both Australian businesses and individual consumers over the past week.
Through meticulous research, we transform these developments into original content that not only keeps you informed but also offers deep insights into the insurance landscape as it stands today. Our podcast distills these crucial updates into a format that's both succinct and captivating. For professionals within the insurance realm or personal consumers keen on keeping up with insurance trends, look no further. Paige Estritori brings you all the essential information daily, making our podcast the ultimate destination for trustworthy and impactful insurance news.
This Week:
Paige Estritori covers four developments for Australian insurance buyers: a sharp rise in home and contents premiums, signs premium growth may be easing, RACQs apology over renewal‑notice errors while ASIC action continues, and a major claims contractor entering administration. Listeners are urged to compare at renewal, review cover and excesses, keep documents handy, and contact insurers or brokers if claims or renewals need attention.
Hello and welcome to Insurance Online News, Im Paige Estritori, and its Thursday, 23 October 2025.
First up, fresh data shows home and contents premiums in the big cities jumped about twenty‑three per cent over the past year, with Melbourne leading the rises. Car insurance quotes were higher too. For households and landlords, thats a cue to review sums insured, check for new exclusions, and compare options rather than accepting the first renewal. A quick set of quotes and, if you need help, an independent broker, can trim costs and reduce the risk of underinsurance.
Meanwhile, markets are signalling that the premium cycle may be peaking. A global sell‑off in insurance stocks followed forecasts of slower premium growth. If competition starts to lift here, some renewal increases could moderate. Dont wait for that to happen—shop around at renewal, tweak excesses and optional extras, and make sure your cover still fits your budget and risks.
In Queensland, RACQ says an internal probe found no bad intent in past renewal‑notice errors and apologised to members, while the matter remains before ASIC—the corporate regulator. For you, the message is simple: read renewal comparisons closely and keep last years documents handy. If the numbers dont make sense, query the insurer and consider alternate quotes to benchmark the price and cover.
And in the claims supply chain, a major repair and restoration contractor has gone into administration and stopped trading. If your insurer appointed that firm on a current claim, expect some rescheduling while alternate arrangements are made. Keep photos, invoices and correspondence together, and ask your insurer or broker for the new timeline and contact details so your repairs stay on track.
Thats the wrap. For fast, free quotes, easy comparisons and Australia‑wide broker support, head to insuranceonline.com.au. Im Paige Estritori—thanks for listening, and talk to you next week.
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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